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A Gartner study indicates that about 40% of financial-services firms expect to leverage cloud-based systems for more than 50% of their transactions within four years. The study also indicated that the technology is top of mind for tech leaders.

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Tech spending is not expected to be as robust this year as initially predicted by research firm Gartner, which is now forecasting 3.7% growth in spending. Global IT spend is expected to hit $3.8 trillion for the year. While several segments, including software, hardware and IT services, are expected to have slower growth rates, the telecom-equipment sector is expected to experience a growth rate of 6.9%, Gartner says.

Almost a third of middle-market firms will rely on the cloud to aid with data recovery by 2014, a sizable increase from today, Gartner predicts. Recovery-as-a-service enables enterprises to replicate virtual machines and production data in a hosted environment for access in disaster-recovery scenarios. Analysts say the technology is suited for midsized firms that don't have the resources for in-house recovery-management facilities.

Tablet computers should be integrated into business operations now and they must be a complement to -- not a replacement for -- laptops and smartphones, according to a report from Gartner. "If you can think of an application for tablets, your competition may well be thinking in the same way -- and acting on it. It is time to explore the use of media tablets in business," said David Willis, a vice president with Gartner.

IT spending by financial and banking industries, as well as increased tech projects in health care and by government agencies, might total $2.4 trillion this year, a 4.1% spike over 2009, research firm Gartner says. Yet there still is the potential of what Gartner calls a "double dip" recession on the horizon.

The market for cloud service brokerage firms is expected to grow as more users shift to cloud-based systems, according to a new report from Gartner. Given the difficulty associated with integrating cloud services, these companies will spring up to help bridge the gap between users and providers in an effort to smooth the cloud management process.